【Bank of England Loosens Stablecoin Regulations】

According to market sources, the Bank of England has abandoned its previous proposal of holding limits for individuals and businesses, instead adopting an issuance cap of no more than £40 billion for each stablecoin at launch. Meanwhile, following industry feedback, the central bank has also slightly relaxed the requirements for qualified reserve assets. This move removes a key obstacle to stablecoin adoption and indicates a more pragmatic regulatory approach by the Bank of England toward GBP stablecoins. However, the final rules still need to be finalized by the end of the year, and systemic safeguards remain in place. The market has not shown any obvious price or trading volume reactions for now.